A computerised job accounting system contain which of the following features:

Related MCQs

• In a costing system, a job account is similar to a work in progress account, except that it is for one job only. In a company that specialises in jobbing work, the work in progress account is the total of all the individual job accounts.
• In Job costing a cost is calculated for each individual job, and this cost can be used to establish the profit or loss from doing the job.
• When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.
• In job costing each job is given a unique:
• A separate record must therefore be maintained to show the details of individual jobs. Such records are often known as job cost sheets or job cost cards.
• Which of the following manufacturers would most likely not use a process-cost accounting system?
• A job costing system is usually based on absorption costing principles, and in addition a cost is included for non-production overheads.
• It is possible to use a job costing system to control the costs of an internal service department, such as the maintenance department and the printing department.
• Costing is specialized branch of accounting which deals with:
• Which of the following is/are the basic object/s of job analysis?